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Property profile

448 7Th Ave Marion, IA 52302

FOR SALE
Commercial real estate
Property ID
US25-0333382
1,996 SF 0.17 ac lot Built 1900
Last sale May 2022 · $199,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This beautifully remodeled two-story office building, located at 448 7th Avenue in Marion, IA, presents a unique investment opportunity. Situated on a 0.17-acre lot at the main entrance to Marion's historic Uptown district, this property boasts high visibility and significant foot traffic. The building features updated electrical systems both internally and externally, along with a convenient off-street rear parking lot. Accessibility is ensured through handicap-accessible design. Ideal for…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$4k
Tax billed · 2022
Assessed value · 2023$195k
Assessed land$76k
Assessed improvement$119k
Effective rate2.20%

Value estimate

· Oct 2026
$145k
$131k – $160k
AI approach$175k
NOI build-up
Gross scheduled income$30k
Vacancy & credit loss−$2k
Operating expenses−$8k
NOI · 8.50% cap applied$19k

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$63/SF
County average, outlier-cleaned · 91 recorded sales of this use type
Observed band · Q1–Q3$33 – $92
Qualifying comparables8

Cap rate analysis

How does the asset earn?
8.50%
$19k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLINN

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm12.0
Parking Facility10.4
Daycare Center9.9

Location

448 7Th Ave Marion, IA 52302
County assessor Recorded deeds · 1 transfer 8 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
597 21st, Marion, IA 52302-4390 $179,500 Apr 2025 1,264 SF
246 7th, Marion, IA 52302-5723 $450,000 Jan 2025 2,027 SF
785 8th, Marion, IA 52302-5756 $90,000 Aug 2024 1,308 SF
5680 Kacena, Marion, IA 52302-9358 $568,000 Nov 2023 5,256 SF
5650 Kacena, Marion, IA 52302-9358 $1,011,753 Oct 2022 5,000 SF
1065 Post, Marion, IA 52302-5214 $400,000 Mar 2022 3,103 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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